Intel's Otellini Loves SoftBank's Bid for Sprint
Intel's longtime CEO, Paul Otellini, met with SoftBank leader Masayoshi Son, then voiced strong support for Son's SprintNextel buyout bid. "Son-sanas vision to build a high speed competitive third national network is very compelling," Otellini wrote to FCC chairman Julius Genachowski. He didn't point out any particular flaws in the competing bid from satellite TV vendor DISH Network , but the letter did present a strong preference for SoftBank.
Fool contributor Anders Bylund agrees wholeheartedly. In this video, he reminds you why the SoftBank bid will help Sprint stand up to the current wireless industry's near-duopoly.
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The article Intel's Otellini Loves SoftBank's Bid for Sprint originally appeared on Fool.com.Fool contributor Anders Bylund owns shares of Intel, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+.The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.